Will the inflation sweet spot be sweet for consumers?

Scott Tong Aug 30, 2018
HTML EMBED:
COPY

Will the inflation sweet spot be sweet for consumers?

Scott Tong Aug 30, 2018
HTML EMBED:
COPY

Someone at the Federal Reserve is probably smiling right now. Six years ago, the Fed set a “target” rate for inflation, a Goldilocks level of 2 percent. Not too high, as in out-of-control prices and not too low, signaling a weak economy. Today, inflation has finally inched up to that target. So, what does that mean for the Fed and interest rates? And for us, America’s consumers and borrowers?

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.